UK energy company TagEnergy said it closed financing on its fourth battery storage facility, the 49.9MW/100MWh Roaring Hill development in Fife, Scotland. Construction will commence and the facility is expected to begin operating in Q1 2024. Energy company RES will be as asset manager, said TagEnergy. It acquired Roaring Hill from RES in September 2021. The facility […]
Two weeks ago it was announced that Origis Energy, one of America’s largest solar and energy storage developers, had contracted Mitsubishi Power Americas to provide three utility-scale battery energy storage systems (BESS) that would be co-located with three photovoltaic solar facilities in the Southeast United States. Why had Origis taken the step of acquiring the storage […]
Don’t invest unless you’re prepared to lose all the money you invest. This is a high risk investment and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more. WE’RE CROWDFUNDING! Dear All, Please find below a business development and funding update from Megawatt Mosaic. Business Development Currently we are […]
What is thought to be Europe’s biggest battery energy storage system has begun operating near Hull. The site, said to be able to store enough electricity to power 300,000 homes for two hours, went online at Pillswood, Cottingham, on Monday. Its launch was brought forward four months as the UK faces possible energy shortages this […]
Asset manager BlackRock has acquired US battery energy storage developer Jupiter Power from EnCap Investments. The largest asset management firm in the world, with around US$10 trillion under management, has agreed to buy Jupiter through its BlackRock Alternatives arm. The selling parties are EnCap’s EnCap Energy Transition Fund I (EETF I) and co-investors Yorktown Partners […]
The UK will have 50GW-plus of energy storage installed by 2050 in a best case scenario attainment of net zero, according to grid operator National Grid’s Future Energy Scenarios report. The report’s broader conclusions around the energy sector were covered in detail by Energy-Storage.news’ sister site Current yesterday. It is published by the National Grid ESO (electricity system operator) each […]